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Jun 30, 2023
Coursera Q2 2023 Earnings Report
Estimated Revenue:$146M
+10.2% YoY
Estimated EPS:-$6.8M
5364891457.6% YoY
Key Takeaways
Coursera reported a 23% increase in total revenue, reaching $153.7 million in Q2 2023. The company's net loss decreased compared to the previous year, and the adjusted EBITDA improved. The 2023 revenue outlook midpoint was raised by $15 million to $620 million, and the adjusted EBITDA margin outlook midpoint improved by 150 bps to (3.5)%.
Total revenue increased by 23% year-over-year to $153.7 million.
Consumer revenue grew by 25% year-over-year, driven by strong demand for entry-level Professional Certificates.
Enterprise revenue increased by 24% year-over-year, with growth across business, government, and campus verticals.
Coursera added 5.7 million new registered learners, bringing the total to 129 million.
Coursera
Coursera
Coursera Revenue by Segment
Revenue by Segment
Consumer Revenue
CapyFin.comEnterprise Revenue
CapyFin.com Forward Guidance
Coursera provided financial outlook for the third quarter and full year 2023.
Positive Outlook
- Third quarter 2023 revenue is expected to be in the range of $156 to $160 million.
- Third quarter 2023 Adjusted EBITDA is expected to be in the range of $(9) to $(14) million.
- Full year 2023 revenue is expected to be in the range of $617 to $623 million.
- Full year 2023 Adjusted EBITDA is expected to be in the range of $(19) to $(24) million.
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Key Statistics
Market Cap
$1.88B
P/E Ratio
-27.46
Sector
Technology Services
Industry
Internet Software Or Services
52-Week High
$12.7
52-Week Low
$6.13
New Registered Learners
129M
Net Retention Rate for Paid Enterprise Customers
97%
Paid Enterprise Customers
1.29K